Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Update

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 351,823 shares, a decline of 48.2% from the August 31st total of 679,124 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,013,618 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Sportsman’s Warehouse

Hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of Sportsman’s Warehouse during the second quarter valued at about $28,000. Two Sigma Securities LLC bought a new stake in shares of Sportsman’s Warehouse in the second quarter worth $25,000. JB Capital Partners LP acquired a new stake in Sportsman’s Warehouse in the second quarter valued at $2,275,356. Empowered Funds LLC increased its stake in shares of Sportsman’s Warehouse by 5.6% in the first quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock valued at $287,000 after buying an additional 10,837 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in shares of Sportsman’s Warehouse in the 1st quarter worth approximately $170,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SPWH shares. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research cut Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings downgraded Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sportsman’s Warehouse currently has a consensus rating of “Hold” and a consensus price target of $2.12.

Sportsman’s Warehouse Price Performance

Sportsman’s Warehouse stock traded up $0.01 during mid-day trading on Wednesday, reaching $1.14. 142,883 shares of the company were exchanged, compared to its average volume of 541,011. The company has a fifty day simple moving average of $1.18 and a 200-day simple moving average of $1.28. Sportsman’s Warehouse has a 12 month low of $1.08 and a 12 month high of $3.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.17 and a quick ratio of 0.07. The firm has a market cap of $44.42 million, a PE ratio of -0.92 and a beta of 0.42.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, September 1st. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $295.58 million during the quarter, compared to analysts’ expectations of $295.05 million. Sportsman’s Warehouse had a negative return on equity of 10.50% and a negative net margin of 3.94%. As a group, equities research analysts expect that Sportsman’s Warehouse will post -0.31 earnings per share for the current fiscal year.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc operates specialty sporting-goods stores and an e-commerce platform serving outdoor enthusiasts in the United States. The company focuses on products for hunting, shooting, fishing, camping, hiking and other outdoor activities.

Its merchandise includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor footwear and apparel, optics, knives, footwear, and related accessories. Sportsman’s Warehouse also provides services such as firearm transfers, gunsmithing, hunting and fishing licenses, and equipment-related support at select locations.

Founded in 1986, the company is headquartered in Utah and has historically maintained a store presence concentrated in the western United States, including Alaska, while its online business allows it to serve customers more broadly.